India: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in India

The Indian marble and travertine blocks market soared to $X in 2022, surging by X% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Marble And Travertine Blocks And Slabs in India

In value terms, marble and travertine blocks production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with a decrease of X%. Marble and travertine blocks production peaked in 2022 and is expected to retain growth in the immediate term.

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Exports of Marble And Travertine Blocks And Slabs

Exports from India

Marble and travertine blocks exports from India expanded slightly to X tons in 2022, increasing by X% against the previous year's figure. Over the period under review, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports rose slightly to $X in 2022. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Egypt (X tons) and Nepal (X tons) were the main destinations of marble and travertine blocks exports from India, together accounting for X% of total exports. Bangladesh, the United Arab Emirates, Italy, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Nepal ($X) and Egypt ($X) were the largest markets for marble and travertine blocks exported from India worldwide, with a combined X% share of total exports. The United Arab Emirates, Bangladesh, Italy, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into India

In 2022, the amount of marble and travertine blocks and slabs imported into India surged to X tons, picking up by X% compared with the year before. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, marble and travertine blocks imports skyrocketed to $X in 2022. Over the period under review, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of marble and travertine blocks to India, accounting for a X% share of total imports. Moreover, marble and travertine blocks imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United Arab Emirates (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble and travertine blocks and slabs to India, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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